Property investment company acquires Surrey golf club for £1.65m

Safeland PLC has acquired North Downs Golf Club, based in Woldingham, Surrey.

North Downs is an established 18-hole golf course with a 664 m2 clubhouse together with a golf shop and reception.

The total consideration payable for this freehold property is £1.65m in cash which will be funded from the company’s existing cash resources.

Safeland is said to be aiming to invest in developing the club’s existing facilities and thereby enhance the club’s appeal to both existing and new members.

Commenting on the transaction, Larry Lipman, managing director of Safeland, said: “This is a very well located leisure asset with significant potential to upgrade and improve upon the current infrastructure.

“We look forward to working with the North Downs management team to develop the club’s potential.”